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Daily Pivots: (S1) 1.3699; (P) 1.3723; (R1) 1.3759; More… USD/CAD’s breach of 1.3749 support turned resistance suggests short term bottoming in D MACD, on bullish convergence condition in 4H MACD. Rebound from 1.3538 is seen as forming a corrective pattern from to the five-wave decline from 1.4791. Intraday bias is now mildly on the upside […]

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02/01/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.1020; (P) 1.1052; (R1) 1.1070; More… EUR/USD’s retreat from 1.1138 extends lower today but stays well above 1.0929 support. Intraday bias remains neutral for the moment. Further rally is expected as long as 1.0929 support holds. Break of 1.1138 will resume the rise from 1.0447 to retest 1.1274 high. Strong resistance should […]
14/05/2025

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 147.06; (P) 147.79; (R1) 148.21; More… Intraday bias in USD/JPY remains neutral for the moment. Further rally is expected as long as 142.43 support holds. As noted before, fall from 158.86 could have completed 139.87 already. Above 148.64 will target 61.8% retracement of 158.86 to 139.87 at 151.60 next. In the bigger […]
21/02/2025

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2552; (P) 1.2597; (R1) 1.2631; More… GBP/USD’s rally from 1.2099 extended higher and intraday bias is now on the upside for 1.2810 resistance. Firm break there should target 61.8% retracement of 1.3433 to 1.2099 at 1.2923 next. On the downside, below 1.2562 minor support will turn intraday bias neutral again first. But […]